The necessary ability for investment

I think that there are four abilities to succeed in investment. Two already talked.

• Continue having the same passion, spirit and motivation.
  
• Appropriate distance from the money.

The other two are in "The Intelligent Investor (by Benjamin Graham)". Please read the preface written by Warren Buffett.

"To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework."

The third and the fourth are these.

• Sound intellectual framework for making decisions.
  
• Ability to keep emotions from corroding that framework.
  

If we were to get these four abilities, we could earn money enough, even if we don't depend on equity investment. I wrote "The necessary ability for investment" as a title, but in fact, it may be "The necessary ability to succeed in our life".

Appropriate distance from the money

To my knowledge, the money seems to dislike people wanting money too much.
It is proof having wealth above-average that you are an investor. Investors are apt to forget this.
We are already happy if we stop comparing ourself with others. And if we had kept an appropriate distance from the money, we would not have suffered from the influence of the bubble burst.

Expressways of knowledge

Following the previous article, I continue introducing Mr.Habu.
In 2002, he said,
"A big change occurred in the shogi world, because of IT Revolution. A expressway for improving the shogi skill was laid out all at once. But there is a great traffic jam at the end of the expressways."

This remark was introduced by Mochio Umeda and became the topic in Japan. I think that this remark applies to every field. Of course it applies to a field of the investment, too.

I feel that the more I learn, the worse I am stuck in heavy traffic. I am looking for a method to surmount a traffic jam. It may be one choice to get off  the expressway.

Continue having the same passion, spirit and motivation

Do you know Yoshiharu Habu ?

He is one of the best Shogi(Japanese chess) players in Japan. The book which described him as "In human history, the person who thought most deeply" was published recently in Japan. I respect him very much, too.

In his book which became the best seller in Japan several years ago, there are such words;
"Talent is to continue having the same passion, spirit and motivation."

In the stock market, all people try hard to achieve profit. Even if we make an effort, we may be not adequately rewarded. In such situation, it is important whether we can continue passion. If we continue without quitting, at least, we will be able to profit from the person who gave it up.

It seems to apply to our life, not only to investment.

Introduction

I have been writing blog in Japanese since 2005. I wants to be read by people in the world as well as a Japanese. I begin this blog with such idea.

But, frankly speaking, I am poor at English. Anyway, I will do my best.